[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average had a bad day, retreating from its all-time highs as traders sifted through the latest earnings reports, while the S&P 500 and Nasdaq squeezed out a positive finish after shaking off some midday jitters. The 30-stock index was dragged down by a 12% plunge in 3M, which issued a gloomy outlook. …
Market Rally Defies Hedge Fund Pessimism, Inflation Fears, And China Slump
[Chart courtesy of MarketWatch.com] The stock market reached new heights today, following up on Friday’s record-breaking rally. The Dow breached the 38,000 mark for the first time ever, gaining 145 points or 0.4%. The S&P 500 also rose 0.4%, hitting another all-time high. But not everyone is buying the bull run. Hedge funds have been betting heavily against stocks, with …
ETF Tracker Newsletter For January 19, 2024
ETF Tracker StatSheet You can view the latest version here. HOW LONG CAN THE S&P 500 AND BOND YIELDS STAY OUT OF SYNC? [Chart courtesy of MarketWatch.com] The markets shrugged off their early-year jitters and resumed their upward march today, lifting the S&P 500 to a fresh record high. Wall Street was boosted by a tech rally, sparked by …
Apple Shines, But Market Faces Alligator Risk
[Chart courtesy of MarketWatch.com] The market was in a good mood today, thanks to the tech sector’s strong performance. Apple led the way, gaining 3.3% after getting a thumbs up from Bank of America. The iPhone maker shrugged off a recent downgrade from Wells Fargo and had its best day in over eight months. Meanwhile, the job market remained tight, …
Fed In A Bind: Cut Rates And Risk Inflation, Or Hold Rates And Anger The Market?
[Chart courtesy of MarketWatch.com] The stock market lost its appetite as bond prices went down and interest rates went up. The U.S. economy also showed some surprising strength, making the Fed less likely to cut rates. ZeroHedge summed it up like this: Retail sales: hot; Housing: sizzling; Industrial Production: – not bad. The ‘real’ numbers are looking good, while the …
Fed’s Rate-Cut Riddle Leaves Traders Guessing: Is The Market’s Magic Show Over?
[Chart courtesy of MarketWatch.com] The Dow took a nosedive today, leading the market’s merry dance downwards as interest rates inched up and traders sifted through the latest earnings reports like kids at a candy store. Investors are on the edge of their seats, waiting for more data to peek into the wallet of the American consumer. The 10-year Treasury note …